-Refer to Figure 10-3. What is the marginal revenue of the sixth unit of output?
A) $4
B) $5
C) $9
D) $54

Name: -Refer to Figure 10-3. What is the marginal revenue of the sixth unit of output? A) $4 B) $5 C) $9 D) $54
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

-Refer to Figure 10-3. What is the marginal revenue of the sixth unit of output?
A) $4 
B) $5 
C) $9 
D) $54

Quizplus · Accepted Answer

The marginal revenue is the change in total revenue from selling one more unit. If the total revenue from the fifth unit is $50 and from the sixth unit is $54, the marginal revenue of the sixth unit is $54 - $50 = $4.